All Forum Posts by: Aly E.

Thanks all, according to many of the replies, it seems like Bell county, north of Austin could make sense for my current initial capital. I will start focusing on this area as my target for my first deal. If anybody knows realtors with excellent reviews and investment experience,  please refer them to me. 

Cheers,

Aly

Hello,

I am starting my journey with real-estate investing, and would like to know if there is a blue print for someone new like me to follow when purchasing first property. Here is what I am currently working on:

• Almost done reading Greene's BRRRR book.
• Saving up capital to buy a property out of pocket that would need rehab. My current target is to buy something around $70k for acquisition, then additional 20-25k for rehab.

My initial questions are:

• Are these numbers realistic to find a decent deal?
• I live in Austin so I highly doubt that I will find any deals with this kind of capital. What are good market areas for me to start looking at? Is out of state OK for a first-time deal?
• According to the book, finding foreclosures and off market deals is better than platforms like Google and Zillow. Should I start looking into platforms like Invelo? Or are there better tools you recommend for this?

Generally, I am trying to get a feeling of what I should be doing next at this point and based on what I shared so far.

Thanks in-advance,

Aly